The Washington Nationals and pitcher Stephen Strasburg have agreed on a multi-year contract extension.
Terms of the agreement were not made public, but multiple reports put the deal at seven years and $175 million.
"Ensuring that Stephen will remain a part of our organisation for years to come is a proud moment for our entire family," Nationals managing principal owner Theodore N. Lerner said in the the team's announcement.
"We are very fond of Stephen and his entire family, and we've thought very highly of them since he became such an integral part of our organisation almost seven years ago.
"We're honored that he feels the same way about the Washington Nationals, and very happy to keep him pitching in the nation's capital."
Strasburg has spent his entire seven-year MLB career with the Nationals but was in the final year of his contract.
The first overall pick in the 2009 MLB Draft owns a 59-37 record with a 3.07 ERA in 139 career starts. After Monday's no-decision in the Nationals' defeat of the Detroit Tigers, he has 5-0 record in 2016 with a 2.76 ERA.
"I am delighted to ensure that Stephen is going to remain an important part of the Washington Nationals," general manager Mike Rizzo said.
"From the moment he was drafted, Stephen has been far more than just a pitcher for our organisation, and his talent is transcendent; the numbers speak for themselves.
"Needless to say I am thrilled we'll continue to have him as a part of our family on the field and in the community, and looking forward to seeing him on the mound for us every five days for the foreseeable future."